Trump's US Fed chief nominee Kevin Warsh clears key confirmation hurdle in Senate

• The panel's 11 Democrats, who say they doubt Warsh's promise to set policy without regard to the president's wishes, voted against him.
• There is little doubt that the Senate will confirm Warsh, a 56-year-old lawyer, financier and former Fed governor who has promised "regime change" for the central bank and who Trump has repeatedly said will deliver the rate cuts the president wants.
• The earliest the full Senate could vote on Warsh's nomination is the week of May 11.
• If the vote is held then, Warsh could be sworn in by May 15 when Powell's leadership term ends.

Article Brief

The Senate Banking Committee voted along party lines to advance Warsh's nomination to the full Republican-controlled Senate. All 13 Republicans on the panel supported Warsh.

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